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EconomyBanking
APS option to help banks with bad loans seen gaining ground Greek authorities appear to be edging towards the option of creating an Asset Protection Scheme (APS) to help banks reduce their stock of bad loans, developments this week suggest.
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EconomyMacroeconomy
Deposit inflows come to 102 mln in September, slowing from recent months Net deposit movement in the Greek banking system remained positive in September with inflows of 102 million euros, Bank of Greece (BoG) figures revealed on Wednesday.
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EconomyMacroeconomy
Eurosystem funding down to 12.23 bln in September, banknotes rise for second month Greek banks’ Eurosystem funding declined by 404 million euros month-on-month (MoM) in September, the Bank of Greece's (BoG) monthly financial statement has revealed.
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EconomyBanking
Banks submit new NPL targets to SSM, with sales leading way in reduction drive Greece’s four systemic banks have submitted new Single Support Mechanism (SSM) guidelines on Friday, under which the banks’ bad loans will be tackled.
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EconomyMacroeconomy
Deposit inflows reach 1.30 bln in August on increased sight deposits Net deposit movement in the Greek banking system strengthened in August with inflows of 1.30 billion from 840.6 million in July, Bank of Greece (BoG) figures revealed on Thursday.
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PoliticsGreek Politics
Lenders set to keep coalition waiting for answer on pension cuts The Greek government is likely to have to wait until the December 3 Eurogroup until it finds out whether its request for next year’s pension cuts to be shelved will be accepted by the country’s lenders.
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EconomyBanking
Mortgage loans a key piece of NPL reduction puzzle The persisting issue of non-performing loans (NPLs) was one of the key items discussed last week by the government and the institutions.
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EconomyBanking
Card transactions in Greece experience boost due to capital controls Payment statistics by the European Central Bank released last week have revealed that card payments in Greece experienced notable growth in recent years.
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EconomyMacroeconomy Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly Greek banks’ Eurosystem funding declined by 382.1 million euros month-on-month (MoM) in August, the Bank of Greece's (BoG) monthly financial statement has revealed.
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EconomyProgramme
No final word on pension cuts as lenders prepare for return to Athens next week Ahead of the institutions returning to Athens next week for their first post-programme visit, the Greek government has been given some encouragement in its bid to avoid the pension cuts that are due to be implemented next year.